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MAGIK to HKD Converter and calculator

MAGIK/HKD: 1 MAGIK = 0.05281 HKD. The price of converting 1 Magik Finance (MAGIK) to Hong Kong Dollar (HKD) is 0.05281 HKD today.
MAGIK
MAGIK
HKD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MAGIK to HKD real-time exchange rates, making it easy to convert Magik Finance (MAGIK) to Hong Kong Dollar (HKD). The conversion result is based on real-time data. The conversion result shows that 1 MAGIK is currently valued at 0.05 HKD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MAGIK is currently valued at 0.05 HKD, which means buying 5 MAGIK would cost 0.26 HKD. Similarly, HK$1 HKD can be converted to 18.94 MAGIK, and HK$50 HKD can be converted to 94.68 MAGIK, excluding any platform or gas fees.

Convert MAGIK to HKD

Convert HKD to MAGIK

Magik Finance
Hong Kong Dollar
1000 MAGIK
52.81  HKD
5000 MAGIK
264.05  HKD
10000 MAGIK
528.1  HKD
In the table above, you'll find a comprehensive MAGIK to HKD converter that shows the value of Magik Finance in Hong Kong Dollar across commonly used conversion amounts. The list covers conversions from 1 MAGIK to HKD, all the way up to 10000 MAGIK, providing a clear view of their respective values.
Hong Kong Dollar
Magik Finance
1000 HKD
18,935.92 MAGIK
2000 HKD
37,871.84 MAGIK
5000 HKD
94,679.59 MAGIK
10000 HKD
189,359.18 MAGIK
50000 HKD
946,795.88 MAGIK
100000 HKD
1,893,591.75 MAGIK
In the table above, you'll find a comprehensive HKD to MAGIK converter that shows the value of Hong Kong Dollar in Magik Finance across commonly used conversion amounts. The list covers conversions from 1 HKD to MAGIK, all the way up to 100000 HKD, providing a clear view of their respective values.

MAGIK to HKD chart

MAGIK/HKD: 1 MAGIK = 0.05281 HKD; 2025/04/28 07:55:31
In the past 1D, Magik Finance has changed -0.94% to HKD. Based on the trend and price charts, Magik Finance(MAGIK) has changed -0.94% to HKD while Hong Kong Dollar(HKD) has changed % to MAGIK in the last 24 hours.
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MAGIK to HKD conversion data: Volatility and price changes of Magik Finance in HKD

The highest Magik Finance price in HKD over the past 7 days was 0.05619 HKD while the lowest Magik Finance price in HKD over the past 7 days was 0.04488 HKD. The relative change between the highs and lows in Magik Finance price in HKD over the last 7 days indicates a volatility of %. You can view additional volatility data and MAGIK to HKD prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.05619 HKD
0.05619 HKD
0.06303 HKD
0.09869 HKD
Low
0.05259 HKD
0.04488 HKD
0.04005 HKD
0.03551 HKD
Average
0 HKD
0 HKD
0 HKD
0 HKD
Volatility
%
%
%
%
Change
-0.94%
+14.08%
-15.33%
-4.13%

Magik Finance information

MAGIK to HKD market statistics

MAGIK/HKD:
HK$0.05281
MAGIK 24h volume:
HK$20.55
MAGIK market cap:
--
MAGIK circulating supply:
0 MAGIK

Current MAGIK to HKD exchange rate

Magik Finance to Hong Kong Dollar is rising this week.
Magik Finance's current market price is HK$0.05281 per MAGIK, with a total market cap of HK$0 HKD based on a circulating supply of -- MAGIK. The trading volume of Magik Finance has changed by -56.72% (HK$-26.93 HKD) in the last 24 hours. Last trading day, MAGIK's trading volume was HK$47.48.

More info about Magik Finance on Bitget

Hong Kong Dollar information

About the Hong Kong Dollar (HKD)

What Is the Hong Kong Dollar (HKD)?

The Hong Kong dollar (HKD), symbolized as HK$, is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Dollar is the sole legal tender in Hong Kong, and it is widely used for all transactions within the territory. While Hong Kong is a part of China, it has a separate currency and operates under a different monetary system than mainland China, which uses the Chinese Yuan (CNY).

The Hong Kong Dollar (HKD) is issued by both the government and three major commercial banks, making it one of the few currencies in the world with such a dual issuance system. The government, through the Hong Kong Monetary Authority (HKMA), issues coins and the HK$10 banknotes, while the larger denominations of HK$20, HK$50, HK$100, HK$500, and HK$1000 are issued by The Hongkong and Shanghai Banking Corporation (HSBC), the Bank of China (Hong Kong), and Standard Chartered Bank (Hong Kong).

What Is the History of HKD?

The HKD's history dates back to the early days of Hong Kong as a British colony. Initially, various foreign currencies circulated in the region. The first local currency, the Hong Kong silver dollar, was minted in 1863. However, it faced resistance from the local population, accustomed to the silver Spanish dollar system. The 20th century saw several shifts in HKD's value, pegged at different times to the British pound and the US dollar. Since 1983, HKD has been linked to the US dollar at a rate of HK$7.80 = US$1, providing stability and confidence in Hong Kong's financial system.

Notes and Coins of HKD

Banknotes in Hong Kong are distinctively issued by three major commercial banks - The Hongkong and Shanghai Banking Corporation (HSBC), the Bank of China (Hong Kong), and Standard Chartered Bank (Hong Kong) - alongside the government, a rarity in global banking. These notes, available in denominations of HK$20, HK$50, HK$100, HK$500, and HK$1000, feature advanced security measures like watermarks and holograms, and occasionally, commemorative notes are released to mark significant events. The coinage, comprising denominations of 10 cents, 20 cents, 50 cents, HK$1, HK$2, HK$5, and HK$10, showcases designs that include the Bauhinia flower, a symbol of Hong Kong, and varies in composition from nickel-brass to cupronickel and brass-plated steel.

Can You Use HKD in Other Countries?

The Hong Kong Dollar (HKD) is predominantly used within Hong Kong and is not officially recognized as a currency in other countries. However, it finds notable acceptance in Macau, where, despite the Macanese Pataca being the official currency, HKD is widely accepted in various establishments due to the close economic ties and geographical proximity between the two regions. Additionally, in some border areas of Mainland China, particularly cities like Shenzhen, HKD might occasionally be accepted, primarily in businesses that cater to tourists from Hong Kong. Beyond these areas, HKD generally isn't accepted for everyday transactions, and travelers are advised to exchange it for the local currency or rely on international credit/debit cards. The HKD's status as a freely convertible currency facilitates its exchange in major cities and financial centers worldwide, reflecting Hong Kong's global financial significance.

Is HKD a Stable Currency?

The Hong Kong Dollar (HKD) is considered a stable currency, largely due to its peg to the US Dollar under a linked exchange rate system since 1983. This arrangement, supported by the Hong Kong Monetary Authority's substantial foreign exchange reserves, ensures consistent value and predictability. Coupled with Hong Kong's robust financial system and prudent fiscal policies, the HKD maintains stability despite global economic influences and its connection to Mainland China's economy, reinforcing its reliability in the global financial market.

What Is the Relationship Between HKD and CNY?

The Hong Kong Dollar (HKD) and the Chinese Yuan (CNY), also known as the Renminbi (RMB), maintain a distinctive relationship underpinned by the "one country, two systems" principle, allowing them to function as separate currencies despite Hong Kong's status as a Special Administrative Region of China. The HKD, pegged to the US Dollar, operates under a linked exchange rate system providing stability, while the CNY follows a managed floating rate system, reflecting different economic policies and market dynamics. This separation facilitates significant trade and investment flows between Hong Kong and Mainland China, necessitating frequent currency conversions. Hong Kong's role as an international financial center means that fluctuations in the HKD can influence the CNY, particularly in terms of capital flows and investment trends, and vice versa. Crucially, Hong Kong serves as the largest offshore Renminbi trading center, playing a pivotal role in the internationalization of the Renminbi, while both regions maintain a degree of policy coordination and communication, especially in broader economic strategies within China.

Bitget crypto-to-fiat exchange data shows that the most popular Magik Finance currency pair is the MAGIK to HKD, with for Magik Finance's currency code being MAGIK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HKD.

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How to convert MAGIK to HKD

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Bitget P2P trading does not currently support direct buying of MAGIK with HKD. However, you can buy USDT in Bitget P2P trading first, and then buy MAGIK with USDT via Bitget spot market.
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MAGIK to HKD Conversion tables

The exchange rate of Magik Finance is decreasing.
The exchange rate of 1 MAGIK to Hong Kong Dollar has changed by +14.08% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.94%, reaching a high of 0.05619 HKD and a low of 0.05259 HKD . One month ago, the value of 1 MAGIK was HK$0.06247 HKD , which represents a -15.33% change from its current value. Over the last year, Magik Finance has changed by
-HK$
0.1429HKD
, resulting in a change of -72.81% in its value.
24 hours ago1 month ago1 year ago
Amount07:55 am today24 hours ago24h change
0.5 MAGIKHK$0.02640HK$0.02666
-0.94%
1 MAGIKHK$0.05281HK$0.05332
-0.94%
5 MAGIKHK$0.2640HK$0.2666
-0.94%
10 MAGIKHK$0.5281HK$0.5332
-0.94%
50 MAGIKHK$2.64HK$2.67
-0.94%
100 MAGIKHK$5.28HK$5.33
-0.94%
500 MAGIKHK$26.4HK$26.66
-0.94%
1000 MAGIKHK$52.81HK$53.32
-0.94%

MAGIK to HKD FAQ

How much is 1 Magik Finance in HKD?
Right now, the price of 1 Magik Finance (MAGIK) in Hong Kong Dollar (HKD) is HK$0.05281.
How much MAGIK can I buy for 1 HKD?
Based on the current exchange rate, you can get 18.94 MAGIK for 1 HKD.
How do I calculate or convert MAGIK to HKD?
You can use our MAGIK to HKD calculator at the top of this page to convert any amount of MAGIK to HKD. We've also included quick-reference tables for the most popular conversions. For example, 5 HKD is equivalent to 94.68 MAGIK, while 5 MAGIK will cost around 0.2640HKD.
What is the highest price of MAGIK/HKD in history?
The all-time high price of 1 MAGIK in HKD is HK$33.83. It remains to be seen if the value of 1 MAGIK/HKD will exceed the current all-time high.
What is the price trend of Magik Finance in HKD?
Over the past 7 days, the exchange rate of Magik Finance (MAGIK) has gone up by 14.08%.   Over the last month, the exchange rate of Magik Finance (MAGIK) has gone down by 15.33% against Hong Kong Dollar (HKD).

What factors influence the conversion rate of MAGIK to HKD?

There are many factors that affect the relationship between Magik Finance and Hong Kong Dollar, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of MAGIK/HKD. When there is positive news in the market about the widespread adoption of MAGIK or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MAGIK/HKD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MAGIK/HKD.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of MAGIK/HKD. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Magik Finance and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.